Goods and services expense in Papua New Guinea
Papua New Guinea: Goods and services expense was 4.11 billion current LCU in 2024. ◆ Volatile
Goods and services expense in Papua New Guinea, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Papua New Guinea recorded 4.11 billion current LCU for goods and services expense in 2024.
The figure is down 20.8% on the previous year and up 66.5% over ten years.
Over the whole period, goods and services expense in Papua New Guinea peaked at 6.04 billion current LCU in 2022 and was at its lowest, 227.00 million current LCU, in 1998.
That places Papua New Guinea 114th out of 155 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 432.65 million current LCU | 227.00 million current LCU | 744.16 million current LCU | 10 |
| 2000s | 1.01 billion current LCU | 906.80 million current LCU | 1.09 billion current LCU | 3 |
| 2010s | 3.28 billion current LCU | 2.47 billion current LCU | 5.13 billion current LCU | 6 |
| 2020s | 4.88 billion current LCU | 4.11 billion current LCU | 6.04 billion current LCU | 5 |
Countries ranked near Papua New Guinea
More public sector data for Papua New Guinea
- Arms imports 9.00 million SIPRI trend indicator values (2023)
- Tax revenue 15.5% (2024)
- Taxes on income, profits and capital gains 59.4% (2024)
- Taxes on goods and services 25.5% (2024)
- Net investment in nonfinancial assets 2.0% (2024)
- Net lending (+) / net borrowing (-) -3.3% (2024)
- Interest payments 14.2% (2024)
- Grants and other revenue 11.4% (2024)
- Interest payments 12.3% (2023)
- Other taxes 0.0% (2024)
Frequently asked questions
- What is goods and services expense in Papua New Guinea?
- Goods and services expense in Papua New Guinea was 4.11 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Papua New Guinea?
- The highest recorded value was 6.04 billion current LCU in 2022.
- What is the lowest goods and services expense recorded in Papua New Guinea?
- The lowest recorded value was 227.00 million current LCU in 1998.
- How does Papua New Guinea rank for goods and services expense?
- Papua New Guinea ranks 114th out of 155 countries with data for 2024.
- Is goods and services expense rising or falling in Papua New Guinea?
- Over the last ten years it is up 66.5%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.